Spacious Condo in East Lake
1203 CLAYS TRAIL 406, Oldsmar, FL 34677
Two-bedroom, two-bath condo with garage and pond view.
Type:Condo/Townhome
Property size:
1,910 SFLot size:
0.43 AcresPrice / SF:
$149/SF- Added:
- Mar 23, 2026
- Days on Market:
- 57
- Last Refresh:
- Apr 6 at 12:18 am
Property Features for 1203 CLAYS TRAIL 406
General Information
- Standard status
- Active
- Size
- 1,910 SF
- Lot size
- 0.43 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1991
Listing agent John Bailey Jr License #3024103
Listing office BHHS FLORIDA PROPERTIES GROUP (727) 835-3110
Listing date Mar 23, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of BHHS FLORIDA PROPERTIES GROUP
HighLights
- Located in the desirable East Lake Woodlands community.
- Includes a 1‑car garage and an additional parking pad.
- Features a spacious 2‑bedroom, 2‑bathroom layout.
- Enjoy the balcony with tranquil pond views.
- Kitchen boasts granite countertops, center island with range top, and built‑in pantry.
- Updated with recently replaced carpets and a 2019 A/C unit.
Overview
Located in the East Lake Woodlands community, this spacious condo features two bedrooms and two bathrooms. The layout includes a one-car garage and an upstairs living area. A kitchen is situated in the center of the condo, with a large living room to one side and a living/dining room combination with a wood-burning fireplace on the other. The balcony, accessible from both the family room and the primary bedroom, overlooks a pond. The kitchen offers ample cabinet space, granite countertops, and a center island with a range top and a built-in pantry. The guest bathroom has a tub/shower, while the primary bath includes a jetted tub, a separate shower, and dual sinks. Carpets were recently replaced, and the A/C unit was replaced in 2019. The roof was replaced in 2012. In addition to the one-car garage, there is an additional parking pad. Eastlake Woodlands offers amenities such as golf, tennis, pickleball, swimming, and a restaurant for additional fees. The community is centrally located with access to Tampa, Gulf Beaches including Honeymoon Island State Park, restaurants, and shopping. The property size is 1910 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$195.2K
NOI $17,566 @ 9.00% cap · cautious / downside scenario
Moderate
$250.9K
NOI $17,566 @ 7.00% cap · market / base-case scenario
Aggressive
$351.3K
NOI $17,566 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.4k | $18.00 |
| − Vacancy | −$2.4k | −$1.28 |
| EGI | $31.9k | $16.72 |
| − OpEx | −$14.4k | −$7.52 |
| NOI | $17.6k | $9.20 |
1,910 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$250.9K
$219.6K – $292.8K
NOI $17,566 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$496.8K
$434.7K – $579.6K
NOI $34,776 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential income properties
Location Insight
- Map
- Local Demand
- City
- Oldsmar
- County
- Pinellas
- State
- Florida
- Longitude
- -82.6888211
- Latitude
- 28.0628087
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income property - Two-bedroom, two-bath condo with garage and pond view.
Where is this residential income property located?
The property is located at 1203 CLAYS TRAIL 406 Oldsmar, FL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Located in the desirable East Lake Woodlands community.; Includes a 1‑car garage and an additional parking pad.; Features a spacious 2‑bedroom, 2‑bathroom layout.
